244
BALANCE-SHEET.
From 1st January to 31st December, 1903.
ASSETS.
To stock-Value of stock on hand........ To accounts receivable-Due from cus-
tomers...
To cash-Amount on hand
$
C.
10,004.18 5,271.08
119.48 3,926.14
3,500,00
THE HONGKONG WEEKLY PRESS AND
The increased consumption, especially in this Colony, has kept pace with our enlarged, facilities for production, and for the latter part of the year the factories worked at their full capacity.
The threatened scarcity of raw material has we hope been overcome, and we anticipate no farther trouble on that score.
Consulting Committee. In accordance with the Articles of Association, the Hon. Sir Paul Chater, C.MG., the Hon. C. W. Dickson, and Dr. J. W. Noble, retire, but being eligible, offer themselves for re-election. Mr. Č. Eweus, who is shortly leaving the Colony, does not offer himself for re-election,
To Chartered Bank--In, current account... To fixed deposit account-With Chartered Bank of India, Australia and China ...
To furniture and fixtures--
As per last account
$678.45
Written off as per resolution
passed 31st March, 1903..
178.45
Less sale of an iron safe
509.00
10.50:
Since added
489.50 137.08
To insurance account...Unexpired fire pre-
minm paid in advance
026.58
18.42
$23,525,88
Exchange
C.
Interest
LIABILITIES.
By capital-1,300 shares paid up at $10 each 12,000.00 By accounts payable-Due to sundry
meeting 31st March, 1903 1,000.00
Auditors. The Accounts have been audited by Messrs. T. Arnold and W. H. Potts, who are recommended for re-election.
PROFIT AND LOSS ACCOUNT.
Consulting committee's fee Auditors' fees
Balance
$
C.
106,08 26.319.98 1,500,00 400.00
Amount written off as depreciation for 1903 114,759.94 202,115.74
$345,192.74
Balance brought forward from 1902 Balance of working account :-
creditors...
897.57
By reserve fund-
As per last account
$2,500.00
Added as per resolution at
3,500.0 1
By unclaimed dividends and bonus By balance at credit of profit and loss
201.80
6,923.51
*23,525.88
From sales of cement From sales of bricks, &c.
WORKING ACCOUNT.
To charges.
$2,352.07
To wages
9,663.09
To reserve fund-As passed at meeting
31st March, 1903
1,000.00
To dividend--25 per cent, passed at meet.
ing 31-t March, 1903
3,0 0.09 | Capital :-
$ C. 25,676.74
[March 26, 1904.
YANGTSZE WHARF & GODOWN CO., LD.
The following is the report of the direc tors for the year ended December 31st, 1903, to be submitted to the ordinary annual meeting to be held at the office of the general agents, Shanghai, on the 30th March :-
Out of the balance at credit of profit and loss, viz. Taels 49.760.10, it is proposed to pay a dividend of 18 per cent, absorbing, Taels 45,000, and to place Taels 3,000 to the credit of repairs account, carrying forward Taels 1,070.10 to next year.
Mr. Witt having left Shanghai, Inspector Kohler, of the Hamburg-America Line, has been invited to take his place on the Board, and his appointment requires confirmation. According to the articles of association, Mr. R. Lemke and Mr. R. Kobler retire from the Board, but being eligible offer themselves for re-election.
The property of the company has been kept in good repair, and the cost charged to working expenses without drawing on repairs account.
The accounts have been audited by Mr. G. Wuilleumier, who offers himself for re-electiou.
SUPREME O›UR",
Tuesday, 22nd March.
C.
316,260,9 3,255.71
319,516.00
$345,192.74
IN SUMMARY JURISDICTION,
•
To directors' fees.
To furniture and fixturas-Written off as
passed at meeting 31st March, 1903
To auditors' fees
To rent
To bonus to head barber, passed at meet-
ing 31st March, 1903
To insurance.
To stationery
To bad debts-
1900
1901
1902
Less amount collected 1899 $14,15
To loan account-Amouut of loan account
written off, being cost of passage of barbers from Japan
To balance
BALANCE-SHEET. LIABILITIES.
000.00 100,000 shares at $10, fully paid up
178.45 .3.0.0
Reserve fund
Due to general managers......... Sundry creditors
3,129.00 | Company's ban'era
Balance of profit and loss account
ASSETS.
Green Island, Macao:-
Buildings and machinery as
per last statement Since expended....
1,000,000,00
380,000,00
2,371,70 45.414.01
BEFORE HIS HONOUR A. G. Wisz
(PUISNE JUDGE),
DISPUTE ABOUT A DRESS-SUIT.
Mr. H. A. B. Cooke sued the Yee Sang Fat firm, tailors, Queen's Road Central, for $55, 427,984.66 being money paid by him to the defend nts for 202,115.74 a dress suit which they undertook to deliver to him well fitting and of good quality. Mr. $2,007,826.11
A. C. Holborow, of Messrs. Deacon. Looker & Deacon, solicitors, appeared for the plaintiff, and Mr. R. Harding, of Messrs. Ewons & Harston, solicitors, for the defendants.
$ C. 228,000.00 23,627.09
251 627.09 15,627.09
Cement raw material &c. in stock,
Land, buildings and ma-
C.
236,000.00
123,027.67
150.00
53.36
269.65
$586.15
122.85
38.15
$747.15
1902 6.50 20.65
Less depreciation...
726.50
valued at
47.00
Hok Un, Hongkong:
6,923,51
chinery, as per last state-
$29,384.04
ment
1,000,000.00
Since expended...
count
By interest
$ 5,336.68 154.48
C.
Less depreciation
100,975.57
1,10,975.57 66,975.57
By sales and shop returns.
Less cost of stock
$30 673.62 8,421.01
22,252.61
Cement, raw material, &c., in stock,
value i at
-1,34,000.00 291,306.82
By transfer fees
By Hongkong Club..
3 00 637.27
Deep Water Bay works:
Land, buildings and ma
chinery as per last state-
$28,384.04
ment
56,500.00
Since expended
29.112.28
RESERVE FUND,
$3,500.00
85,612.28
2,5 0.00
Less depreciation
3,612.28
1,000.00
$3,500,00❘
By balance brought forward from last ac-
To balance.
By balance 31st December, 1902
By added 31st December, 1903
GREEN
The following is the report for presentation to the shareholders at the fifteenth ordinary general meeting to be held at the office of the general managers on Wednesday, 6th April, at 11.30 am. :-
ISLAND CEMENT CO. LD.
Annered we have the pleasure to lay before shareholders a statement of accounts for the year ending 31st December, 1903,
The net profit, including the amount brought forward from the previous year, amounts to $202,115.74 which it is proposed to deal with as follows, viz. :-- To place to reserve fund
...$20,000,00 To pay a dividend of 15 per cent. .150,000.00 To carry forward to next year's account 32,115.74 We are glad to be able to recommend an in- creased dividend, for we think this year's work fully justifies it, but too much must not be expected in this respect until the overdrawn bank account becomes somewhat reduced.
Bricks, pipes, &c., in s'ock valued at... Cement on consignment valued at Office furniture as per last
statement
Less depreciation... Sundry debtors
Valee of premium on unexpired Steam launch, steam lighter,
lighters, junk, &c. Since expended....
Less depreciation.....
Cash on hand...
1,000.00 300.00
policies...
86,000,00
15.00
86,015.00 26,245.00
Mr Cooke in evidence stated that he ordered the dress suit some time in the latter end of December, When it was delivered to him the first time he had not the money by him to pay for it, and he asked them to send it round in a few days. When they sent it back to the Hotel America, where he was staying, he paid He had no occasion to use the for the suit. suit for some time afterwards and he did not open the parcel to look at it. When he did he undo the parcel and tried the suit on found that it did not fit and that the facings and trimmings were not of silk as he had He had done business with the stipulated for. defendant firm previously, and they had asked him for an order for a dress suit if he should He told them that he had asked require one. about the price of a dress suit at Messrs. Laue Crawford & Co.'s and had been told that that firm would make him a first-class suit for be- tween $90 and $100. Defendants said they could make as good a suit for $55, and that they would if necessary give a written guarantee as to its quality. When plaintiff found that the 6,108.00 suit supplied by the defendants was unsatis- factory he returned it. Owing to the fact that he had to attend at a cinematograph perform- 700.00 ance which he promoted in the City Hall about 146,269.41 | the 20th, 21st, and 22nd of January he had to 1,377.94 order a new suit from another firm of tailors.
On the suit being produced for the inspection of the Court, his Lordship said the facings were ordinary China silk, of as good a quality as could be expected for $55.
80,000.00 24,309.46
Mr. Holborow contended that the contract 59,770,00 entered into was for the supply of a suit equal 4,716.78 to that made by Messrs. Lane, Crawford & Co. for from $90 to $100, and that the defendants $2,007,886.11 had no right to repudiate their contract.
The coroner's jury at Victoria, B.C., en- quiring into the cause of the loss of the steamer Clallam and 54 lives on the 8th January, which we reported at the time, delivered a ver- diet finding Captain Roberts guilty, of manslaughter and Chief Engineer Delaunay criminally culpable. Delaunay is severely cen. sured for negligence and incompetence.
His Lordship pointed out that plaintiff in his evidence had admitted that the suit had been tried on by him several times and he had taken no objection to the fit; he took delivery of the suit, paid for it, and kept it for a considerable time before returning it. Now he could certainly keep the suit, but he could not get the purchase money returned. His Lordship accordingly entered jalgment for the defendants with costs.
$
5
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